Company Valuation: Danone

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 35,530 30,830 37,646 41,915 49,156 41,650 - -
Change - -13.23% 22.11% 11.34% 17.28% -15.27% - -
Enterprise Value (EV) 1 46,030 40,937 47,867 50,516 57,587 49,265 48,434 47,678
Change - -11.06% 16.93% 5.53% 14% -14.45% -1.69% -1.56%
P/E 18.6x 33.3x 45.1x 20.8x 27.2x 17.2x 16x 15x
PBR 2.02x 1.76x 2.33x 2.59x 2.93x 2.28x 2.15x 2.01x
PEG - -0.7x -3.7x 0x -2.75x 0.5x 2.18x 2.17x
Capitalization / Revenue 1.46x 1.11x 1.36x 1.53x 1.8x 1.49x 1.43x 1.38x
EV / Revenue 1.9x 1.48x 1.73x 1.85x 2.11x 1.76x 1.66x 1.57x
EV / EBITDA 10x 7.81x 9.4x 10.7x 11.5x 9.9x 9.24x 8.65x
EV / EBIT 13.8x 12.1x 13.8x 14.2x 15.7x 12.9x 11.9x 11.1x
EV / FCF 18.9x 19.6x 18.2x 16.8x 20.6x 18.4x 17.3x 15.9x
FCF Yield 5.28% 5.11% 5.5% 5.94% 4.86% 5.44% 5.78% 6.27%
Dividend per Share 2 1.94 2 2.1 2.15 2.25 2.339 2.488 2.661
Rate of return 3.55% 4.06% 3.58% 3.3% 2.93% 3.6% 3.82% 4.09%
EPS 2 2.94 1.48 1.3 3.13 2.82 3.784 4.062 4.343
Distribution rate 66% 135% 162% 68.7% 79.8% 61.8% 61.3% 61.3%
Net sales 1 24,281 27,661 27,619 27,376 27,283 28,033 29,102 30,272
EBITDA 1 4,602 5,240 5,092 4,726 5,020 4,976 5,240 5,513
EBIT 1 3,337 3,377 3,481 3,558 3,665 3,831 4,079 4,313
Net income 1 1,924 959 881 2,021 1,825 2,362 2,543 2,732
Net Debt 1 10,500 10,107 10,221 8,601 8,431 7,616 6,784 6,028
Reference price 2 54.59 49.23 58.68 65.12 76.78 65.06 65.06 65.06
Nbr of stocks (in thousands) 650,849 626,246 641,543 643,653 640,218 640,173 - -
Announcement Date 23/02/22 22/02/23 22/02/24 26/02/25 20/02/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
17.19x1.76x9.9x3.6% 47.77B
19.61x2.85x14.03x3.98% 251B
20.64x2.44x14.35x3.43% 77.17B
16.51x0.51x9.78x2.76% 36.19B
21.62x3.2x13x3.34% 35.02B
40.04x3.32x19.66x0.87% 34.35B
69.16x10.32x43.85x1.1% 28.92B
10.9x1.82x8.97x7.03% 27.06B
12.94x0.38x8.73x2.54% 21.84B
30.42x0.63x15.95x0.65% 19.53B
Average 25.90x 2.72x 15.82x 2.93% 57.88B
Weighted average by Cap. 22.87x 2.77x 14.86x 3.41%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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